Goldigler15 Jan 2018 19:52
Santander, Royal Bank of Scotland, Lloyds, HSBC and Barclays are all understood to have already reported increased impairment charges linked to Carillion�s difficulties. A source close to Barclays said it was the least exposed of the syndicate, while others, including Lloyds, could have made an impairment of around �100m from Carillion.
Whilst this article was public last month . . .
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https://www.ft.com/content/fac9bd48-db43-11e7-a039-c64b1c09b482
Barclays� unpopular bet on investment banking seems to be paying off in the UK as the bank closes in on the top spot in the UK�s annual investment banking league tables for the first time since 2012.�
Jes Staley, the former JPMorgan banker who took over Barclays with a turnround mandate in 2015, has come in for persistent�criticism from shareholders and analysts for his enduring commitment to the investment bank built up under Bob Diamond.�
New data from industry monitor Dealogic, which was compiled for the Financial Times, suggest that the strategy is bearing fruit in the UK at least.�
Barclays earned fees of $352m in the year to date from M&A and capital markets, giving it a 9.1 per cent market share, comfortably ahead of JPMorgan�s 7.8 per cent share and Goldman Sachs� 6.6 per cent. In 2016, Barclays had a market share of 6.5 per cent, behind both JPMorgan and Goldman.
Despite being a UK bank, Barclays has only held the top place in the league tables twice in the last 10 years. It is the first time it has held the accolade since Mr Staley launched his strategy to refocus the investment bank around hubs in London and New York, in an attempt to lift persistently poor returns.�
One doesn't usually cut and paste articles, though some others may have missed these.
Personally I.M.O it still looks like a correction, with a little bit of DOJ and Carrillion chucked in the mix.
If we see Barcs fall below 190, then my charting and effort is wrong, whilst Mrs Wolf will have to endure a lot of bad language for some months to come.
GLA